Ethereum Price Tanks, But Crypto Analysts Predict A $1 Billion Valuation for Remittix Within Months of Launch
Ethereum Price Slips Below $4,000 as ETF Outflows Mount
Ethereum’s price is once again under pressure, slipping below the $4,000 mark amid renewed market volatility affecting digital assets. Currently, Ethereum (ETH) trades at approximately $3,799, down roughly 4% over the past 24 hours—a continuation of its weeklong slide from the $4,200 region.
Market analysts point to significant outflows from Ethereum-based ETFs as a key driver of this downturn. This week, over $81 million exited Ether ETFs, led by Fidelity’s FETH ETF with $69.49 million in outflows. Other notable redemptions include Grayscale’s ETHE and Ether Mini Trust with a combined $29 million, and VanEck’s ETHV shedding $4.3 million. The only notable inflow came from BlackRock’s ETHA, which recorded a positive $21.36 million, though this was insufficient to offset broader institutional selling pressure.
Data from Coinglass suggests that if Ethereum’s price falls below $3,700, liquidation pressure could increase sharply, potentially triggering over $700 million in long-position liquidations across major exchanges. The 200-day moving average, currently near $3,600, remains a critical support level.
Lacie Zhang, an analyst at Bitget Wallet, commented that the current market phase represents a “rotation, not reversal,” indicating that investors are temporarily stepping back to reassess risks amid elevated yields and diminishing ETF enthusiasm.
Institutional Sentiment Wanes, But Long-Term Fundamentals Hold
Despite the cooling inflows and short-term price pressure, long-term sentiment around Ethereum remains cautiously optimistic. Analysts highlight that on-chain activity and decentralized finance (DeFi) integrations are holding steady, signaling sustained network utility.
The rotation out of Ether ETFs could potentially redirect capital into newer utility-based crypto projects, offering alternative growth avenues. Prediction markets on Myriad assign a 66% probability to Ethereum rebounding to $4,500 before possibly correcting to $3,000, suggesting traders still anticipate upside once the market stabilizes.
While Ethereum Faces Short-Term Turbulence, Remittix (RTX) Gains Momentum
As Ethereum contends with short-term challenges, market attention is quietly shifting toward Remittix (RTX), an emerging PayFi project aiming to bridge cryptocurrency and traditional banking through real-world payment functionalities.
Remittix is gaining traction as users test its live beta wallet, which offers:
- Transfers in over 30 countries
- Support for 40+ cryptocurrencies at launch
- Flat, transparent fees with no foreign exchange markups
- Privacy-first payments for both users and merchants
The project has successfully raised $27.578 million in private funding. Currently, Remittix tokens are priced at approximately $0.1166, with over 30,000 investors acquiring RTX tokens in recent months.
Upcoming listings on exchanges such as BitMart and LBank are poised to bring early liquidity and expand market exposure. Analysts expect Remittix’s market valuation could climb rapidly toward $1 billion within months following these exchange listings.
Industry experts compare Remittix’s potential growth trajectory to early breakout phases seen in projects like Ripple and Stellar, but with reportedly stronger retail and merchant integration. If these projections hold true, Remittix could position itself as one of 2025’s fastest-growing payment tokens, offering a promising early-stage opportunity reminiscent of Ethereum’s rise.
Discover the Future of PayFi with Remittix
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Disclaimer: This is a sponsored press release provided for informational purposes only. It does not reflect the views of Crypto Daily and should not be construed as legal, tax, investment, or financial advice.
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